Millennials eschew traditional housing for co-living in microflats
Co-living microflats market now accounts for 5-10% of Britain's £25 billion build-to-rent private rental sector
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Bengaluru
MILLENNIALS priced out of London's traditional housing market are opting to rent tiny apartments in so-called "co-living" developments, a fast-growing area that private investors and venture capital are eager to tap into.
Investors have put more than £1 billion (S$1.7 billion) into "microflats", where residents share facilities such as dining areas, lounges, work spaces, laundry rooms and gyms, and the investors are looking to do more.
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